How to set up a Business in Vietnam | Company registration for foreigner EVERYTHING you need to know

[@Junaid_family]

Thankyou Sir .your videos are extremely useful and informative. I like to open a setup in Vietnam and stay there with my spouse and kid. I am an Importer/exporter and already had great experience with China last 27 years . I have opened a company there 'worked a lot but as you know China's situation now..cant live and work there lifetime. Vietnam seems to be next China. I watched your videos lot and you also emphasised on that. Kindly guide how to setup a company there ..I used to source and import a lot from China and my products are related to TEXTILES .I think should work same here and get products from Vietnam and export to other countries or source products from Vietnam to arrange imports for the importers in other countries..also I like these countries Thailand, Vietnam, Malaysia to spend the life with family. Waiting for your response. I most hopefully visit Vietnam in few days

[@MoveToAsia]

Hi Junaid, drop us your inquiry here : go.movetoasia.com/company-incorporation

[@indikacbw]

Hi it's really effective video . Pls can I have more details how to open manufacturing factory in Vietnam .

[@MoveToAsia]

Thanks for the feedback. Good to know that you enjoyed it ! Drop me a mail at [e-mail] with more detail about your investment plan and which kind of products you want to manufacture in Vietnam.

[@indikacbw]

Thank you

[@khalidsiciid9696]

I enjoyed very what you mentioned us so thank you so much. I have one question if you helped me. Now I'm lifing in bangladesh for some research business but I don't have money at same time I have a big market and the opportunities in my country we cannot account.i like the business and also I have more experience for business.yet I don't have any capital totally except that market only.please advice me and helped any opportunity that applicable for me.Thank you Sir.

[@MoveToAsia]

Hi Khalid, if you don't have any capital. It won't be possible to do business in Vietnam. Especially nowadays you need to invest or find a job FIRST to get the immigration approvals to enter the country.

[@khalidsiciid9696]

That's great.ok how much possible I can i do small business in vietnam?the second please tell the easiest item that I can do first like shoes or accessories electronics?

[@MoveToAsia]

Here is an updated video to give you the idea of how much you need to invest now to be able to get investor visa : kzbin.info/www/bejne/o3LKeIx3gZ2opNk

[@ChrisBGramz4u]

Hello. I would like to live near my son and his wife's farm. My second grandchild is about to be born, and I'd like to be nearby. I'm thinking I could buy a small farm near theirs. Put it in my daughters name (sons wife). Then I could start a small, (is it called an "Agricultural Items Processing Buisness LLC?") produce shop and sell farm products from the combined farms. between the 2 farms, there would be plenty of fresh organic farm produce, to sustain a small business, with an employee or two. Maybe find out if i can get a farm near the lake. Then, later see if i can have a little Bed & Breakfast built on the farm. Is there a minimum amount a company needs to earn to be able to keep an LLC?

[@MoveToAsia]

Hello Chris, thanks for your interest in our services. Please watch this video : kzbin.info/www/bejne/n6G3fnxtjdWCa6M that is more updated and giving some of the answers to your questions. Then feel free to schedule a call with out team (the link will be in the recommended video). Regards

[@nb822]

Can I start a garment business

[@MoveToAsia]

Hello Naresh, yes sure garment business is popular here. You can incorporate a company about sourcing, producing or exporting it.

[@samakhfranklin3402]

Bonjour Guillaume, super explication. Est ce que je peux joindre par email et avoir tous les renseignements en Francais. Je vis en Thailande depuis 22 ans et j'aimerais en savoir plus. Merci bien a vous

[@MoveToAsia]

Bonjour Franklin, oui le formulaire pour m'envoyer un message est disponible ici : movetoasia.com/contact-fr réponse en français sous 24-48 heures 😉

[@Skyboy74]

I’m interested in real estate area, mainly in purchase and rental. What is the real estate market in Vietnam, especially in HCMC and Hanoi? Do rental arbitrage or co-living concept feasible in Vietnam?

[@MoveToAsia]

Hi, there is a lot of speculation going on and hundreds of projects. Better to choose carefully the property developer and constructor to be sure the quality will be the one expected. Choosing the right location is also important (following where the city is putting his focus, next to international schools, near by the "under-constructing" metro line to expect growth in your investment. Plenty of share-apartments for expats and locals yep. Will gather someone soon on this subject working in this industry to go in-depth into this subject ;).

[@kelseananatabet8936]

Bonjour Guillaume, j'aimerais créer une agence de voyage au Vietnam destinée à la diaspora vietnamienne. Penses-tu que c'est une bonne idée de ce diriger vers ce type de clientèle ou je devrais me diriger vers une autre clientèle ?

[@MoveToAsia]

Beaucoup ont de la famille au pays, des connaissances. Quelle serait la valeur différenciante par rapport à un tour opérateur ordinaire ? Un lien sur la vision des viet kieu qui rentrent au pays, ça peut vous donner quelques idées d'angles / problèmes qu'ils rencontrent : kzbin.info/www/bejne/pHSqgKJmodihh7c

[@daddyandthekids]

Bonjour Guillaume À ce jour (17/09/2020) le Vietnam réouvre ses frontières pour certaines catégories de personnes, notamment les investisseurs. À partir de quel montant investi est-on considéré comme investisseur?

[@MoveToAsia]

Oui j'ai autour de mois des gens qui commencent à rentrer. C'est pas gratuit (il faut en gros avoir l'avocat qui nous met sur la liste 'restreinte' pour bénéficier du visa; entre 400$ - pas de garantie de succès - jusqu'à 3000$ garantie) puis en parallèle lancer les papiers pour lancer la création d'une structure pour bénéficier de la carte temporaire de résidence. En espérant que ça revienne à la normale d'ici peu ...

[@boutiquebitcoin809]

How do I register a business in Vietnam what site do i go to?

[@MoveToAsia]

Hello, we do have an incorporation service to open companies in Vietnam for foreigners if you want to check : movetoasia.com/en/services/

[@soniprateek]

Hi, I plan to open an IT consulting business in VN. The idea is that I will run the tech development of my startup (based out of Berlin) - from VN. So, I will have the main corporate entity in Berlin, but, want to open another entity in VN (to employ tech talent). I want to be able to 1) hire developers in VN, 2) get a TRC for me to visit there, 3) Keep govt overhead (tax etc) at minimum. I won't be selling anything or making money off of VN market. Is it possible to achieve this by opening RA office?

[@MoveToAsia]

Hello Prateek, Great project ! I just got your email, will follow up and advice you about the best thing you should do nowadays in this post covid-time. Cheers

[@stevegumanit8230]

Do you have a web site or email address for direct communications and question asking, cheers Steven

[@MoveToAsia]

Yes, you can check our services : movetoasia.com/en/services/ . A contact form is on it if you want to get in touch with us

[@uzairalikhan9975]

Sir I'm Uzair from Pakistan How can I Start a Small restaurant in Vietnam?

[@MoveToAsia]

Drop us you inquiry : go.movetoasia.com/company-incorporation and we can advise you further

[@tsaoa]

If I want to teach English and maths in Vietnam, can I set up LLC and the LLC employs me and my wife to operate tutorial classes?

[@MoveToAsia]

Hello, yes you can incorporate a company for tutoring kids. You can drop me an email here if you need more advice : movetoasia.com/contact

[@siroliver8367]

Merci je me tate entre vietnam et philippines. Tu ne dis pas s'il y a des activites interdites aux foreigners

[@MoveToAsia]

Bonjour Oliver, certains secteurs sont en effets régulés et/ou interdits au étrangers. Mais 90% des activités les plus populaires n'ont aucune limitation et peuvent être adossées à la creation d'une structure 100% à capitaux étrangers. On peut échanger en detail sur ton projet, n’hésite pas à m'envoyer un message : movetoasia.com/contact-fr

[@agtraveling1354]

I want tours and travels compney in Vietnam how can sir ji

[@MoveToAsia]

Hello AG Traveling, we did set up before tourism related industries, if you need assistance drop us your inquiry here go.movetoasia.com/company-incorporation

[@KAI5ERCHIEF]

hi, has anything changed in regulations since 3 years ago?

[@MoveToAsia]

Yes, check : kzbin.info/www/bejne/n6G3fnxtjdWCa6M

[@setiady3213]

Made in Vietnam dominate on the world.

[@MoveToAsia]

Vietnam 👍👍

[@jodimuse18]

Great video. Iv just returned to Canada after 2 years in VN. I plan on going back and am just starting the investigative work around Partnering or 100% foreign owned. Can a Representative office designation be changed to either a LLC or Joint Venture later? That would give me the 'year' as you say, to really scope things out, before actually getting the lawyers in to complete the necessary work on the later mentioned businesses. I'm looking at F&B. I'd also like to include training program for disadvantaged youth with in this model. So, even though I'd probably be starting with less than 10 employees I'd also need the advice for employee tax/benefit structure. Again good information in you video. Thank you.

[@MoveToAsia]

Hello Jodi. F&B has been highly impacted with the recent lockdown. Chaos comes with opportunities ... That's one of the main sectors that should be rebouncing again soon. About your question, it is better to open from scratch a LLC or JV with a local who has experience in the field (a representative will be very limited and you cannot really upgrade the company to match new business sectors or activities you want to do). In case you want to benchmark the information you got from law firms, don't hesitate to drop me a message here : movetoasia.com/contact we do provide A-Z incorporation packages, market-entry services to set up a team and get started your operations in Vietnam.

[@glynnjohnson4307]

Hello I am Glynn,My soon to be wife lives nearly ho chi minh she has a small hotel business and it was thinking build on the that adding coffee shop and small food . this would be good start in think because. It would give me something to do as well as be close with the family. I am American with a few more ideas but as you say I want to see how Vietnam works and if my ideas will be suitable. I own a construction business here in America but i'm looking to find a less manual and more pay. Maybe when in arrive we could meet over coffee and you can tell me more about what you do and how you do business. Thank you for the information you have provided very helpful.

[@MoveToAsia]

Hi Glynn, subscribe to my newsletter, I share some offline meet-up or events I am joining sometimes, easy to keep in touch. Cheers

[@santosh8250]

I'm looking for business in vietnam to sell goods & also set up a company in vietnam llc

[@MoveToAsia]

Great project Santosh, you can get in touch with us through email at contact [at] movetoasia.com to learn more about our consulting on opening companies for foreigners. Cheers

[@samlu1222]

Thanks Guillaume for your very good video. I am Viet Kieu (Vietnamese Canadian) currently living in Canada over 20 years; I can still speak Vietnamese; I had started the process of applying the five-year Visa-free certificate. I am a professional license Engineer by trade in Canada. After working many years in this field; I am thinking my future retirement will be living in Vietnam; therefore, I want to be an entrepreneur and currently looking for an investment opportunity in Vietnam. I am also eligible as a business Vietnamese partner. Any opportunity brought forward will be seriously considered.

[@MoveToAsia]

Great soil to be an entrepreneur ! Would you just advice you to come over when the border open again, meet up the community, try to investigate some markets, brainstorm about opportunities : it can be real estate or directly launch your own business.

[@samlu1222]

Hi Guillaume, yes, real estate has come across my mind; can’t wait until the border will be open again; I am looking forward returning to my home country to be an entrepreneur.

[@whatever2837]

Contact me im interested

[@kanavgupta3636]

I’m looking forward to setup cashew husk processing unit and export final product to India

[@MoveToAsia]

Hi Kanav, yes cashew is a great product to export from Vietnam. I do have a Vietnamese friend in this industry. You can reach me out at contact[at]movetoasia.com and I can connect you. Cheers

[@SKYHIGHEngineering]

i also interested to start branch company in vietnam

[@muhamadelkhouly7953]

Thanks for all details . I d like to open a company fror export spices to Egypt , Middle East Europe and another idea is making Arabian restaurant .... so may u tell me the best

[@MoveToAsia]

Hello Muhamed, we do assist foreign entrepreneurs on a sourcing and business-setup perspective. Send us more details about your inquiries here : movetoasia.com/en/contact-us/ our team will get back to you shortly. Also check this additional video about business setup that is more updated : kzbin.info/www/bejne/n6G3fnxtjdWCa6M

[@RiceSackRiceSack]

great video. as a youtuber can people open a company like a LLC, or Representative Office, possible pay ourselves from the profits. only making money through advertisements and donations for example. the goal is to get a long term visa. really love Vietnam and looking for solutions to get long term visas as a youtuber. my passport is german. thank you

[@MoveToAsia]

Hello, yes I have friends they manage a media newspaper from Vietnam so guess owning KZbin channel is pretty similar. If you make enough from your sponsorship and donations... Just be aware that it is not cheap as you may get work permit (as I guess your investment in the company won't reach the standards of the investor visa) and you will have personal taxes on your salary.

[@RiceSackRiceSack]

@@MoveToAsia thanks appreciate your advise. what way would you personally recommend for a youtuber/digital nomad who wants a long term visa, Vietnam card if possible, but not spend too much money. thanks

[@MoveToAsia]

@@RiceSackRiceSack depends what "too much money" means :). 1,5k$ to open a company in VN but then need to register and pay personal taxes on the salary (work permit => TRC) / income you generate + some flat costs: accountant, incorporating the company, ... you can reach me at contact[at]movetoasia.com to discuss more in private. Cheers

[@RiceSackRiceSack]

@@MoveToAsia thanks for all the info really appreciate that. my youtube channel is too small to make that investment yet, though it might be a good idea once my channel is big. cheers

[@amoldeore1620]

Hello..could you please provide details about how to register new office in Vietnam..we have startup software company in india so we need to same office in Vietnam also

[@MoveToAsia]

@amol deore, you can drop me a message on this form movetoasia.com/contact we will get back to you shortly 😉

[@sharifahmed7211]

Hi Guillaume, Your informative video was very helpful for me to think about a new avenue I can explore. Would you let me have your Facebook ID so that I can ask you some questions. Thanks, Mustafa

[@MoveToAsia]

Hello Mustafa, better to reach me out by email at [e-mail]

[@rohitarora4114]

Hi guill, very informative video as I am going to vietnam as of for job on 2 years of works visa n I understood the basic concepts in this video about the basic fundamentals of starting a business please if you can guide me more how I can meet different ppl to understand more to start an export business, thank you

[@MoveToAsia]

Hello Rohit, thanks for your feedback and good to know that you are considering setting up a business in Vietnam. Import / Export is definitely a booming industry in Vietnam. Did you already find the right product ? If no, you can have a look to this video kzbin.info/www/bejne/qXfMYZShl7SlZrM You can have a look to our services : movetoasia.com/en/services/ as we help foreigners to get started and incorporate their company in Vietnam, you can drop us a message 😉

[@Lapaxeguitars]

Hi really nice for you to share this info I got stuck during lockdown have been slowly transferring my productions of textiles from Indonesia to Vietnam and have a Singapore residence and companies ! It helped me further ! Best regards PEPIJN de Blecourt !

[@MoveToAsia]

Hey Pepijn, happy to heard this !

[@asiatravelpassion9234]

thank you very much. i would like to register myself as a real estate agent and work as a freelance with established real estate agencies, for french speaking clients. I am bilingual french and english.

[@MoveToAsia]

Real estate sector for a company in Vietnam is allowed for 100% foreign owned entities. Learn more here : movetoasia.com/en/vietnam/company-registration/ and contact us if you need support.

[@vandorenn9419]

Hi Guillaume, very useful video! I'm thinking about importing Belgian beers to Vietnam and sell them to restaurants, bars, hotels... Tell me your thoughts please. Merci beaucoup!

[@MoveToAsia]

There are a lot already of place importing Belgium beers (and you can find them with ones made in local breweries). The one I have in mind are Leffe, Chimay and even Maredsous I saw already some bars. So would investigate more before starting. But importing premium products may be a good start yes :)

[@kanavgupta3636]

Please suggest....I have already studied the market as I have been importing agricultural products from Vietnam since 2010

[@MoveToAsia]

Great Kanav ! You import Vietnamese raw product from Vietnam to India ?

[@mohammedshafeer430]

Hi .. thanks for your video.. I already have general Trading llc company in dubai , UAE.we are planning to start an manufacturing unit for the plywood and other furniture wood business to export to Asia, africa and european countries.. pls advise

[@MoveToAsia]

Hi Mohammed, manufacturing in Vietnam is great yes ! Trade agreement, cheap cost to hire staff and pretty attractive set up to build a factory. Many factories and Chinese businessmen are moving their manufacturing and factories to Vietnam in a view to export in Europe and USA. But importing and selling plywood and wooden furniture won't be smart to do in Vietnam. Plenty of manufacturers already in this industry.

[@blabberings]

Hi ,I am currently in Vietnam & planning to work as a consultant here..as a sole proprietorship, without any employees etc. Your video didn't mention that option. Isn't that possible in Vietnam? In some other countries in Asia that's usually an option. I have a registered private limited company in another asian country but a representative office seems some paper work.

[@MoveToAsia]

In that case it would be 100% LLC yes. But the best set-up if you are not a Vietnamese tax resident is to keep your company overseas so you are legally resident somewhere else and you do not need to have PIT (personal income tax) in Vietnam, but this option is obviously if you spend less that 6 months living in Vietnam.

[@rubenmiranda3848]

Hi Guill, I'm trained in a form of stress release procedure similar to chiropractics. I was wondering if I would be able to set up a business helping people release stress in the brain and the body. I would be performing the procedure (which consists in a unique movement of the head) on the participants (clients) and would probably just hire one person to help me with interpreting. Do you think this is viable?

[@MoveToAsia]

It may be viable. Vietnamese people are a lot in those alternative medicine, massage therapist so there may be some opportunity. You will have to show how you are better to other specialist already providing herbal / Chinese / VN similar treatments. So may be competitive. Do not hesitate to contact us (the link is in the description to get helped on the company incorporation)

[@joeycams4022]

I want to open a Trading Business, Import/Export, and Investment as well,,, I prefer 100% foreign ownership,, JV is last priority.

[@MoveToAsia]

Hello Joey, drop us your details here : go.movetoasia.com/company-incorporation

[@shajiyohannan]

Number please

[@vsonone]

Informative video. I am an architect with my own pvt. ltd. company in India. Can i open a representative office in vietnam ?

[@MoveToAsia]

Hello Vinay, Representative Office are not always the best option, better contact us and we can consult you on the most suitable setup : movetoasia.com/contact

[@KunalKumar-bx2sz]

Can you tell what visa we can bring our parents also how much it cost to open a company ?

[@MoveToAsia]

For relative visa, you have to look at the TT visa. To set up a company and its price, it depends which type : local ? 100% foreign owned ? The best is drop us your situation so we can advise you in detail : movetoasia.com/contact

[@medlementa7575]

Thank you ,I wanna open an ecommerce company selling goods online using cash on delivery ,about partnerships I don't know ,I know a friend how get Stoll in thailand by a girl you can't control ,if there's no solution how about a digital marketing agency there

[@MoveToAsia]

Hi, yes e-commerce is trendy in Vietnam as well. There are some reliable cash on delivery companies plugged to warehouse to handle this part. Building an digital agency to provide service to overseas companies may be also a good opportunity if you are able to build a team of skilled people in Vietnam and promote your services as an offshore digital marketing agency. Cheers

[@maalibrahim]

Thank you for the informative video, it’s very helpful! I’m looking forward to go into the F&B space with locals. I do believe the best way to do this is by meeting people and networking. Since I do plan to go with more small local set ups the biggest barrier will be language. Any tips from you would be helpful! Thanks

[@MoveToAsia]

Glad it was helpful! Don't worry you will have some F&B events and networking in big cities such as Saigon. So you can check out the entrepreneurs involved in this field owning already a company and doing business in Vietnam. So you can learn from their mistake and to try to be more prepared. We can support for the company opening and get you to Vietnam too if you wish to come nowadays. Learn more here : kzbin.info/www/bejne/hp2VaZx9brx2jbM

[@tonindelsol674]

Hello hello Guillaume, j'espère que tout va bien par chez toi ^^ Pour commencer, j'ai fait un voyage il y a deux ans de cela au Vietnam et j'ai vraiment adoré ce pays. À ce moment là je me suis douté que je voudrai y revenir pour un but professionnel. Je suis cuisinier, et depuis peu j'étais en contact avec un employeur. Proche de concrétiser. Cependant cette semaine j'ai décidé de changer radicalement mes objectifs et de developper plutôt mon propre projet. Je souhaiterai ouvrir soit un petit restaurant, soit un food truck (que je favorise car pour le coût et la liberté ça serait plus dans mes moyen je suppose). Niveau finance je me trouve peut être limite. J'ai un ami et ça femme (qui est Vietnamienne) avec qui je pourrai m'associer. Si j'ai bien compris la vidéo, ce qui me correspondrai le mieux serait de créer une Sarl JV (100% au nom de la femme de mon ami). Dans ta vidéo j'apprends également les taxes, les impôts à prendre en compte, mais de plus tu as apporté la solution avec les contables et les avocats qui faciliterai la tâche. J'ai commencé à étudier le business plan (que je decouvre ^^), à m'informer par rapport à mon projet. Mais je dois dire que je découvre tout juste le milieu de la création d'entreprise. Et au vue de la situation je me demande même si je ne devrais pas saisir une opportunité de travailler pour quelqu'un, afin de mieux m'intégrer sur le long therme et finir par développer ma propre entreprise en parallèle, ou alors je continue sur ma lancée de projet. Si tu as un conseil je suis tout ouïe ;) bonne journée à bientôt

[@MoveToAsia]

Monter une société locale (détenue par un vietnamien) sera toujours la solution la moins onéreuse et permettant d’être maintenue plus facilement. Tu peux être le directeur et donc obtenir un contrat de travail + TRC. Par contre la femme de ton amie a tous les droits, donc il faut avoir confiance. Si tu dis être limité niveau finance, c'est pas non plus idéal de te lancer dans l'entrepreneuriat car il faut un minimum de cote pour etre à l'aise et ne pas aller droit au casse pipe ! Monter une boite c'est bien, mais trouver des clients, s'entourer, allouer du budget au marketing ... il faut y penser. Pour la question de la recherche de travail, tu as une vidéo récente sur le sujet : kzbin.info/www/bejne/qX_MZXxra7V_odE

[@Jongo-e5n]

Export&imports which type of company suitable?

[@MoveToAsia]

Hi, trading company is the basics. You can use some third party importers or exporters in Vietnam to be able to get / rely on them for the licensing part.

[@DrahkoBarrista]

Au vu de la situation en Europe et de ce que je pense qu'elle va produire en terme économique, j'envisage maintenant assez rapidement de m'expatrier, quand les frontières le permettront. Je ne souhaite pas chercher un travail à l'étranger ni être à la retraite. Je souhaite créer une structure de vente de produits via le web. Aussi, j'ai déterminé 2 pays qui semblent correspondre à mes critères. L'un est le Vietnam. Je ne suis ni riche ni pauvre, mais avec une activité que je maîtrise déjà, la faisabilité est plutôt bonne. Aussi, de quel façon pourrais-tu m'éviter de perdre du temps et de l'argent en ce qui concerne l'expatriation et l'établissement de cette structure.

[@MoveToAsia]

Bonjour Christian. Monter une société pour supporter votre projet de vente en ligne n'est pas très complexe. Pas besoin de licences si vous vendez à l'étranger. Si votre activité est tournée vers l'étranger (ce que je suppose si vous la réalisez déjà actuellement), je vous conseille de vous tourner vers : * LLC à l'étranger (Hong Kong, Singapour, US) afin de pouvoir accéder à Paypal, Stripe ou bien si vous vendez sur Amazon (à voir si nécessaire selon votre cas) * Bureau de représentation au Vietnam ou bien petite SARL (équivalent limited company) seul ou avec un partenaire vietnamien. Beaucoup de grosses structures étrangères implantées au Vietnam n'ont qu'un bureau de représentation puisqu'ils n'ont pas d'activité de vente au Vietnam. Si elles ont besoin de recruter, elles passent par des sociétés annexes dédié à cela. On continue la discussion par e-mail si vous avez besoin de plus de précisions.

[@thomasveysey7363]

This was a great video!! I have one question. On lots of the websites on the internet they say that in an LLC in Vietnam there are no shares issued. I am curious as to how the ownership is split between owners if there are no shares issued? I am a foreigner working with a Vietnamese business partner.

[@MoveToAsia]

Hello, when you set up the company you just decide how many % each of the party is having. It can be 50-50%, 80-20%, ... it's a customizable parameter.

[@KatoshiCoins]

What do you think about a RO for a software developing company?

[@MoveToAsia]

If it's purely outsourcing, you should evaluate the LTD (100% foreign owned company) but not the Representative One. The scope of a RO is highly limited and not scalable / customisable for the long term.

[@cfrancuz23]

Hello, any information you could give me on opening an English learning center for kids?

[@MoveToAsia]

It is possible with some requirements to do this as a foreigner in Vietnam. You can get in touch with us for more detail about this : movetoasia.com/contact

[@miraldomusic]

Very interesting video. I struggle with these concepts because I have no financial background and it always seems quite complicated due to the exceptions and also due to the fact that most people talking about it online are from the US with different rules and regulations. I have a plan to teach either music or English online, selling online courses as well, not just one on one lessons. What would suit me better, to open an LLC back home (I pay taxes in Sweden, even though I am originally from Portugal) or in Vietnam? In the long term, I would like to open a music school, but for that surely you need a lot of money. :d

[@MoveToAsia]

If your customers are not necessarily in Vietnam you can have an LLC somewhere (ie. Hong Kong) so you can access to Stripe, Transferwise, Paypal and other tools for your business. Owning a business in Vietnam allows you to invoice customers in VN and also get a 2-year temporary residence card. Then on the personal side, you pay taxes in Vietnam (if you are a tax resident, so if you stay more than 183 days per year, you get a Tax ID in Vietnam) and you don't pay taxes on your income in your home country anymore. That's the general rule, for instance some income from real estate renting overseas may still be taxed in the country your apartments are ...

[@miraldomusic]

@@MoveToAsia thanks for clearing things up!

[@SHIVKUMAR-wr4nm]

I want to open a travel company in vietnam, Kindly advise me processor

[@MoveToAsia]

Hi, you can reach us out at contact @ movetoasia.com, we can consult your further.

[@ShanicornBeauty]

Thank you for the valuable. I am looking into opening a business in Vietnam.

[@MoveToAsia]

Hello Shunicorn, great that you consider doing business in Vietnam. If you want to get helped to incorporate your company, we do have a all-inclusive package to handle all the paperwork and get you from A to Z. More info here : movetoasia.com/en/services/ (do not hesitate to contact me if you have any questions ;)). Cheers

[@minhinhvan6836]

Hi, can I assist you in setting up a company in Vietnam? Email me [e-mail]

[@kanishkpatel6660]

Thanks Guillaume for the video and your efforts,i am writing to your from Mumbai, India, I have been trying to look for more and more information on how to set up a firm that can allow me to set up a company in Vietnam to conduct export activities, I understand that a Branch office and a Representative office can be the best bet but both of them do come with a few reservations, can we connect and discuss this in detail?

[@MoveToAsia]

My pleasure. You can find this form : fill it, provide me some information about your business line and project idea and we can advice the best incorporation setup : movetoasia.com/contact

[@jacknguyen6927]

it would be easy if you real wanted on it

[@thaihm]

You’re the best, Guillaume even though I’m jealous that you’re there and I’m not.

[@MoveToAsia]

Thanks for your feedback. Take care

[@colneykc4073]

Bussiness Consultancy for overseas companies

[@MoveToAsia]

Yes

[@xZarkioo]

Je suis agent immobilier , penses tu qu’il y est des opportunités dans ce domaine ?

[@MoveToAsia]

Le secteur immobilier est en plein boom dans toute l'Asie du Sud Est. Donc venir s'y implanter pour élargir votre portefeuille de clientèle ou même offrir de la variété en matière d'investissement pour vos clients français est une très bonne idée. Niveau structure juridique et création de société il s'agit de conseil donc plutôt simple à mettre en place.

[@danorion369]

hi Guillaume. I'm moving to Vietnam in January and want to import fabric from my supplier in China into Vietnam to make organic clothing (like underwear, shirts, socks, etc) to export into USA as well as to sell locally in Vietnam. I'm vietnamese but born in America. My mom and dad are both vietnamese but only my dad have a vietnamese Citizenship. My dad lives in America about 9 months out of the year. Would I be able to use my dad as a partner??

[@MoveToAsia]

Yes sure it is possible !

[@danorion369]

@@MoveToAsia would I be able to use him as a partner on paper even though he's not going to be doing anything... Kinda like a silent partner that just invest?

[@MoveToAsia]

@@danorion369 yes. It's called a nominee 😎. But usually you have to pay this 'service' and give monthly fees to this nominee, for you it will be cost effective and smooth 😉

[@danorion369]

@@MoveToAsia oh thank you very much for the tip Chris! I'll keep liking all your videos so thanks for continually uploading them.. best luck with your channel brother!

[@DonMoe82]

Interesting video Guillaume. Do you have any agencies in mind for registering a Limited Company in Vietnam? Focused on Food Delivery Sector. Thanks

[@MoveToAsia]

Hi Müller, get in touch with us by dropping a mail to contact[at]movetoasia.com, we can learn more about your project and provide you a tailored solution. Cheers

[@jamesleophilip6639]

You can speak with mr James,he can offer you help [phone]

[@KebsW16]

Bonjour, avez-vous du coup des noms d'avocats, experts comptables sur HCMC a me recommander? Je viens m'y implanter d'ici peut et avoir de vrai bonne recommandation peut m'aider énormément. Merci beaucoup.

[@MoveToAsia]

Hello, oui on s'occupe de la création de la structure avec un avocat de confiance et quelques partenaires (entreprise de domiciliation, expert comptable ...). Si vous voulez en savoir plus sur nos services, envoyez-nous un message à contact[at]movetoasia.com ;)

[@KebsW16]

@@MoveToAsia Merci

[@EduardoHernandez-ir3js]

Thanks for the info man. I have 2 questions: Is it possible for 2 foreigners to open a business 50-50 and then hiring a vietnamese manager? Is it possible to mantain the company in Vietnam (a phisical shop) while living in Europe?

[@MoveToAsia]

Hello Eduardo, of course but you really need to trust the person you hire and more to control the way the company is managed. If you want to have someone committing to your business, would recommend to give some share of all the key people and interest them on a commission based model. Cheers

[@jakehalljokes]

@@MoveToAsia Is there a shareholders agreement or some type of contract that would hold up so the Vietnamese national could not just take the business?

[@MoveToAsia]

@@jakehalljokes Hi, yes if you choose the nominee option, you may work with a legit and reliable lawyer who can set up everything (through a proper legal agreement) so you are sure you won't get any bad surprise :)

[@loanmasson]

Toujours très intéressant, j'ai suivi régulièrement vos vidéos qui nous apportent plein d'idées

[@MoveToAsia]

Merci Loan et bon courage pour votre projet entrepreneurial au Vietnam 🚀

[@Observer168]

How hard is it to buy land and build in Vietnam? I am interested in going to Vietnam to build houses and work my way up to larger projects.

[@MoveToAsia]

Hi Mexx, are you in the construction industry already ? First you should come and check a bit the different locations as there are a lot of restrictions for foreigners. Is it not easy except if you are able to partner to a local company and doing kind of joint venture. Come here, spend at least 6 months, learn about the "ownership" of land through leasing and see how you can get started a project. Cheers

[@Observer168]

@@MoveToAsia Aren't joint ventures even more risky? Can't they just take your money?

[@MoveToAsia]

@@Observer168 Because foreigners cannot buy a land in Vietnam. They can only use it for 50 years. You can Goole Land Use Right (“LUR”) for foreign investors in Vietnam. My explanation is that it is common in the construction industry to create joint venture companies if you want to build a condominium or place to rent. Obviously yes you have to choose who you partner with ;)

[@MegaDavind]

Hi there I am curious to know if I open a small kind of food and beverage company. What will the cost of lawyer?

[@MoveToAsia]

Hi, either you are 100% owner of the limited company as a foreigner, either you partner with a Vietnamese person. About the costs, it's between 1k$ to 2k$ usually including a work permit and a TRC (temporary residence card) if we take the set-up : one local business investor + one foreigner investor (or employee). Then you would need to have a F&B license if you plan to sell through a restaurant or small coffee.

[@MegaDavind]

@@MoveToAsia Thanks for nice information..

[@MegaDavind]

@@MoveToAsia Could you give some contacts ph number of Good lawyers plz

[@MoveToAsia]

@@MegaDavind Reach us at contact[at]movetoasia.com, we do work closely with local lawyers to help investors setting up a company in Vietnam.

[@pierre-Benoit]

Merci pour cette vidéo. Mais désolé car le titre que je reçois est en français et la vidéo en anglais. Vous parlez lentement mais j'ai pas le niveau. Tant pis 😊 !

[@MoveToAsia]

Hello Pierre, vous pouvez activez les sous titres en français de cette manière : www.wikihow.com/Turn-On-KZbin-Subtitles N'hésitez pas si vous avez des questions, laissez les en commentaire et je vous fais une réponse personnalisée ;)

[@pierre-Benoit]

So sorry, My English is now perfect thanks to your subtitles 😂. Je vous recontacte car j'aimerais en savoir plus sur l'ouverture d'un "petit" business au Vietnam (e-commerce). Merci.

[@kanatmukatov2730]

thanks man! you are great :-) surely i need your control in any business if i start

[@MoveToAsia]

Any time! Do not hesitate to ping us out and check the offers / A-Z services on our website : movetoasia.com/en/services/

[@kanatmukatov2730]

@@MoveToAsia yes man, i do it!

[@reality8264]

Can I get smart phones from Vietnam to india

[@MoveToAsia]

To export ? It's better to source in China : Vietnam is not the top leader in manufacturing electronics (yet).

[@wildatheart7575]

What if I want to bring a F&B franchise from Singapore into Vietnam? What type of business entity will that fall under?

[@wildatheart7575]

Also, can a foreigner franchise for a local vietnamese F&B business such as Highland Coffee?

[@MoveToAsia]

Yes sure, it is possible. The best is to have a local partner that has already experience in doing F&B as it is the easiest thing people are thinking about while brainstorming about potential ideas, nevertheless that's super competitive so better to partner to avoid pitfalls. You will need different kind of license but as it is very popular in Vietnam, the set-up won't be the most difficult part. For instance the brand Cà Phê MILANO allows franchise for quite a reasonable price (initial $5k investment) to be part of their franchise group and benefit from their well known name. Then as the location is KEY in F&B so better check the ideal neighbourhood and compare the monthly rental costs across the districts.

[@wildatheart7575]

@@MoveToAsia Thanks for your advice. 1 more question, what if i prefer the business to be 51% to 100% foreign ownership? What will the legal entity of the business be?

[@MoveToAsia]

@@wildatheart7575 It will be an LLC Joint Venture company.

[@globetrotter4815]

Export import and distribution of IT equipment

[@MoveToAsia]

Export goods from Vietnam or import premium products and sell in Vietnam ? IT is also a very good market that I did not mention in the video but indeed : many outsourcing companies are developing apps, websites, providing IT customer support from Vietnam for companies overseas. Do you plan to open a business in those fields or you are already an entrepreneur based in Vietnam ?

[@globetrotter4815]

@@MoveToAsia planning to import from different sources to Vietnam.planning to set up an LLC company.Really your information is very helpful.thanks.

[@eyeruschannel5064]

Hello, thanks for the info. I'm Ethiopian and want to open a coffee shop/restaurant where I sell my country food, coffee and products in Vietnam. Can I get a little more info about it please, Thank you.

[@MoveToAsia]

Hi Eyerus, many things to take in consideration : * do you buy your raw food in Vietnam to cook and sell in the shop * or also import specific ingredients and products For the second you may need specific licenses. For more details, reach me out at movetoasia.com/contact to provide me more details and I can be more precise ;)

[@jeremieduplessis-savard9557]

Quality content! J’ai l’opportunité de travailler à distance maintenant et je pense fortement à partir au Vietnam.

[@MoveToAsia]

Thanks Jérémie for the feedback and good luck for your remote job.

[@olamidebabalola2588]

❤❤❤❤❤❤❤

[@sebastientrichereau7632]

Thanks for the video, it helps

[@MoveToAsia]

You are welcome Sebastien :)

[@mrbushlied7742]

I shall be retiring at the end of the year (2021). I plan on living in Yerevan, Armenia, in summers and Da Nang,, Vietnam, in winters. I won't have to work and do not want to. That's why I'm retiring. I guess I'll live in Vietnam on a tourist visa and do a visa run every 90 days.

[@MoveToAsia]

Very hard to predict what will be the new norm for tourism in Asia. No more visa run ? Maximum of a one month tourist visa ? Wait and see ...

[@devil5277]

Can we get permanent residency in vietnam???

[@MoveToAsia]

Yes if you setup a company you can get for instance a 2-year temporary residence card that you can renew every two years (it goes with a work permit or an investment visa).

[@devil5277]

@@MoveToAsia okk.. Which type of business in Vietnam,in which low competition and high profit..

[@igorwalkoff8863]

Thanks for this video Guillaume! Could you tell roughly how much it cost to open and maintain representative office in Vietnam?

[@MoveToAsia]

Hello Igor, drop us your details here : go.movetoasia.com/company-incorporation

[@sujathasrinivasan6578]

Hi Guillaume, This session is very informative. Could you please guide and tell me about the opportunities those for freelancers .

[@MoveToAsia]

Hi Sujatha, thanks for your feedback ! As there are not yet specific visas for freelancers. It's either you stay in Vietnam a couple of months only or you get long term visas (for instance up to 1-year renewable) by opening a 100% foreign owned company in Vietnam. The market is dynamic so as a freelancer you can connect to local companies and bring your foreign value to the market.

[@sunnyrokx24]

Which business is good

[@MoveToAsia]

It depends on your skills & experience :)

[@sunnyrokx24]

This is not good answer What is your research

[@CapsCup]

Il est de Francais qui sont une inspiration! Bravo Guillaume! (Suis Permanent Resident, et au Vietnam depuis 1990)

[@MoveToAsia]

Merci pour le commentaire ! Content de savoir que la video vous ait plu !

[@NhuNguyen-yj5je]

Bien. je trouve ça intéressant :)

[@MoveToAsia]

Super que la vidéo t'ai plu Nhu ! Tu as envie de créer une entreprise au Vietnam ? Peut être une école de langue :) ?

[@NhuNguyen-yj5je]

Guillaume Rondan - Move To Asia aha oui oui ! Bien sûr! J’y réfléchis tout le temps et puis vais devenir un patron de moi-même juste comme toi ;) c’est un brillant avenir pour moi, n’est-ce pas?

[@MoveToAsia]

@@NhuNguyen-yj5je on en parle dans quelques mois pour te créer l'entreprise :)

[@tu-anhpho5939]

Très intéressant.

[@MoveToAsia]

Merci d'avoir laissé un avis Tu-Anh. J'ai vu votre e-mail, je vous réponds en privé ;)

[@haiderkhan1200]

Such a good info. Helpful

[@MoveToAsia]

Thanks for the feedback

[@maivicheka4817]

Lek chnaut vietnam

[@MoveToAsia]

🤔 ?

[@marsonbikal5134]

Hopefully you will not regrets! Good luck.

[@MoveToAsia]

Regrets what 🤔 ?

[@marsonbikal5134]

Haha..

[@lynxprive9276]

Great content!

[@MoveToAsia]

You are welcome An !

[@daddyandthekids]

Hi Guillaume, I think some update is needed. The laws changed and in order to get a TRC, the minimum investment is 3 Billions VND, means 130.000 US$. So, people who believes they can get a TRC with 5000 US$ are wrong, this is old story... This statement has been confirmed by 2 lawyers offices in HCM. Have a nice day.

[@MoveToAsia]

Hi Serge, yes you are right as since 1st January 2021, the new law is fully applied, it is not possible to get the 2-year TRC package. With this small investment, the best option is getting long term visa of 1 year renewable that can grant the access to the country for foreign investors.

[@whatever2837]

Contact me

[@MoveToAsia]

Hi What Ever, to learn more about setting up a business in Vietnam, you can read this page : go.movetoasia.com/company-incorporation you drop us your contact details. We will get back to you shortly